Indian businesses have welcomed shared workspaces trend this year. Researches state that the market of coworking spaces will flourish more in 2020. The question everyone wants to know is what is driving the coworking trend in India. The flexibility to work with various facilities makes coworking spaces most preferred among SME’s and other working classes. It is considered that there are a lot of benefits that shared workspaces offer small to small and mid-sized businesses.
Let us look at some reasons why mid-sized businesses are shifting to coworking culture and enjoying the benefits.
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Hassle-free Lease Terms
The leasing of a traditional office has a lot of hassles which are endless. These include paying a huge amount as security free, signing many legal contracts and many more. Coworking spaces are the plug and play spaces which have the option to pay for the space you use. The contracts can be either short or long according to your requirements.
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Infrastructure and Facilities
A proper infrastructure, basic facilities, updated technology is very important other than a fancy office. A coworking space gives you everything that you need to for flourishing and concentrating on your work. It is considered that with shared offices, you get to select your workspace or a private cabin, hot desk or conference room for yourself or a team.
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Cost-effective
Many mid-sized businesses are not financially very stable. But every company wants that prime location that can be useful for their business. Coworking spaces are generally at prime locations that offer you various amenities at affordable prices.
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Networking
Networking and collaborating with like-minded people, getting to know about businesses and skills. A shared office promotes the opportunity to connect and accelerate. You could sip a coffee, at the lounge or cafeteria where people can make good conversations.
Workshaala has been able to host and serve many mid-sized entrepreneurs lately.